Blogs

Business and Financial Services

The Hidden Traps of Restructuring from S-Corp to C-Corp for 1202 QSBS

When you restructure into a C corporation for qualified small business stock (QSBS) treatment but miss even one of Section 1202’s technical requirements, the IRS can deny the exclusion entirely—even if the business itself is an ideal candidate. The central risk in S-corp / LLC-to-C-corp planning is that the restructuring steps are easy to do…

March 27, 2026

Nonprofit/ Exempt Organizations

What Happens When a Donation to Your Nonprofit Goes Bad

In 2012, financier and Cantor Fitzgerald CEO Howard Lutnick made a transformative donation to his alma mater, Haverford College, a small liberal arts school in Pennsylvania. Over time, Lutnick’s contributions — reportedly totaling roughly $65 million — helped fund major campus initiatives, including the college’s library, which now bears his name. More than a decade…

March 27, 2026

Employment Law

No Severance, No Noncompete: Virginia’s Legislature Raises the Stakes Yet Again

Virginia’s steady march away from employer-friendly noncompete law continues. What began in 2020 as a targeted prohibition on noncompetes for “low-wage” workers has now expanded into a far broader restriction that reaches employees at every level of the organization. With the General Assembly’s passage of Senate Bill 170 (SB 170), Virginia employers must now confront…

March 17, 2026

Business and Financial Services

Not All Business Groups Are Alike: Understanding Chambers, BIDs, and Business Alliances in Virginia

Like other states, Virginia’s business landscape is supported by a network of organizations that often sound similar but may serve very different purposes. Chambers of commerce, business improvement districts (BIDs), and business alliances all work to strengthen the local and regional business environment, but they do so through distinct organizational structures, funding mechanisms, and missions.…

March 16, 2026

Employment Law

Déjà Vu All Over Again: The DOL’s New Take on Independent Contractors

Few questions in U.S. employment law have proven as persistent or as disruptive for businesses—as determining whether a worker is an “employee” or an “independent contractor.” Since the Fair Labor Standards Act (FLSA) was enacted in 1938, employers have struggled with a statute that imposes sweeping wage-and-hour obligations on employers for “employees” while offering little…

March 12, 2026

Business and Financial Services

Employee Ownership Gains Federal Momentum: What the DOL’s Latest Report Means for Business Owners

The U.S. Department of Labor recently released a report to Congress highlighting continued growth in employee ownership and outlining a new federal initiative aimed at expanding worker ownership opportunities. Business owners, private companies, and boards evaluating succession or liquidity strategies should take note. Federal agencies are not only tracking the expansion of employee ownership structures…

March 12, 2026

Employment Law

You Are Responsible for Your AI: What Employers Need to Know About EEOC Scrutiny of Hiring and Promotion Algorithms

Artificial intelligence is now embedded in modern hiring, applicant screening, employee promotion, and performance evaluation systems. From resume scanners to video interview analytics and automated promotion recommendations, algorithmic decision tools are becoming increasingly common. But one message from federal enforcement agencies is becoming unmistakably clear: you are responsible for your AI. The U.S. Equal Employment…

March 9, 2026

Employment Law

Virginia Court Clarifies the Rules on Noncompetes and Nonsolicitation Agreements for Nonexempt Employees

On January 27, 2026, the Virginia Court of Appeals issued a pivotal decision interpreting Virginia’s increasingly restrictive approach to employee noncompetition agreements. In Sentry Force Security, LLC v. Barrera, the court resolved a question that had been looming since Virginia first began limiting noncompetes for lower‑paid workers: how far those restrictions extend to customer and…

February 27, 2026

Employment Law

When an EEOC Charge Lands: Essential Steps Employers Must Take

Few workplace events generate as much consternation for employers as receiving notice that an employee or former employee has filed a charge of discrimination with the Equal Employment Opportunity Commission (EEOC). While the arrival of a charge can set off alarm bells, it is important for employers to recognize that the charge is not a…

February 20, 2026

Employment Law

When One Employment Agreement No Longer Works: Navigating Non-Compete Risk in the DMV’s Multi-Jurisdiction Workforce

Many employers have historically treated restrictive covenant agreements as standardized documents, developed once, applied to employees nationwide, and updated only periodically. That approach is becoming increasingly obsolete, particularly in the Washington, D.C., Maryland, and Virginia (DMV) region. Recent legislative changes across these neighboring jurisdictions have reshaped how non-compete agreements operate and, in many cases, whether…

February 19, 2026